Charles Monat Associates: November 2011






PREVIOUS POSTS Wealth Transfer: 7 Ways to Maximize the Value of Y... Rowbotham & Co LLC article : Expatriation: A Growi... World's wealthy favour London and New York, with A... The Best Financial Advice I Ever Received Greatest Love of All OSU Cowboys' Death Wish Goes Unanswered, Lose $33 ... The domiciled, the deemed domiciled and the comple... Inheriting money from abroad is a pain. It should ... Individual becomes resident while in the UK on hol... Fuss to investors: Avoid these fixed-income ETFs ARCHIVES April 2005 July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 October 2006 November 2006 August 2007 September 2007 October 2007 November 2007 February 2008 October 2008 March 2009 April 2009 May 2009 June 2009 July 2009 October 2009 November 2009 December 2009 January 2010 February 2010 March 2010 April 2010 June 2010 July 2010 October 2010 November 2010 December 2010 February 2011 March 2011 April 2011 June 2011 September 2011 October 2011 November 2011 January 2012 February 2012 March 2012 April 2012
	Tuesday, November 29, 2011 Fortunes Of Indonesia's Richest Up 19% Despite volatility around much of the globe, the economy of the world’s fourth most populous country has held up lately. Indonesia’s GDP, 70% of which is based on its domestic economy, is on track to expand 6% this year, and the stock market rose 3%, helping boost the combined wealth of its 40 richest by 19% to $85.1 billion. The country’s three richest – the Hartono Brothers, Susilo Wonowidjojo and Eka Tjipta Widjaja – easily held on to their top spots again this year, adding a combined $7.5 billion to their wealth or more than half the top 40’s total gain. The trio is now worth a staggering $32.5 billion, representing 38% of the list’s total wealth. Read more... posted by Charles Monat Associates at 11:02 AM \| 0 comments Easy Come, Easy Go: Groupon's Chief No Longer A Billionaire So it goes for entrepreneurs whose fortunes are mostly, if not entirely, tied up in the shares of the companies they founded and run. Mason, a music major from Northwestern, helped found the daily deals site three years ago and built it into what Forbes called, in 2010, the fastest growing company in Web history. Read more... posted by Charles Monat Associates at 10:58 AM \| 0 comments Former Billionaire Declares Personal Bankruptcy Once Ireland’s richest man with a personal fortune of $6 billion, Sean Quinn applied for voluntary bankruptcy in Belfast this morning. Quinn owed an alleged $3.85 billion to Anglo Irish Bank’s successor institution, the Irish Bank Resolution Corporation, which he simply couldn’t repay. The entrepreneur, once one of Ireland’s most admired businessmen, started out in the early 1970s selling sand and gravel from a quarry on his father’s farm. He eventually built his Quinn Group into a multi-billion dollar mining, manufacturing, real estate and insurance empire. Read more... posted by Charles Monat Associates at 10:54 AM \| 0 comments FSA warns on ‘toxic’ life settlement funds UK watchdog is planning to ban the marketing of traded life policy investments after it found problems in the design, marketing and sale of the products. Read more(FT Web Edition, registration required)... posted by Charles Monat Associates at 9:11 AM \| 0 comments Thursday, November 24, 2011 Nagging ‘NextGen’ Problem: Protecting the Inheritance That nagging “NextGen” problem just won’t go away. In addition to wealth managers’ concerns about retaining the children of their clients as customers, evidence continues to pile up that parents remain highly concerned that their children won’t even be able to hold on to their inheritance in the first place. Read more... posted by Charles Monat Associates at 10:35 AM \| 0 comments How Much Cash Are Your Clients Really Holding? The Sum May Surprise You Over the last year or so, advisors have been struggling to get their clients out of cash, but how much cash are your clients really holding? Investors say they’re holding 27 percent of their investable assets in cash, according to an MFS Investment Management survey of 929 investors. Generation Y investors lead the pack, allocating 33 percent to cash, up from 30 percent in February. Guess what financial advisors who were surveyed thought their younger clients held in cash? On average, advisors surveyed believe Generation X/Y investors held 10 percent in cash. Babyboomers? FAs thought boomers held 14 percent in cash. Read more... posted by Charles Monat Associates at 10:34 AM \| 0 comments Monday, November 14, 2011 Heirs take money and run - from financial advisers The ratio of 4-to-1 applies to most advisory businesses, yet few advisers are likely aware of it. It's the number of new accounts that an adviser must add to compensate for the revenue lost when an account leaves a firm through a generational transfer, according to consultant Rodney Zeeb. “This is one of the biggest problems mature advisers face, and if they don't do something, they'll lose a substantial portion of their revenue — and firm value — over the next few years,” said Mr. Zeeb, co-founder of The Heritage Institute LLC, which trains advisers to work with multigenerational families. Read more... posted by Charles Monat Associates at 3:59 PM \| 0 comments Don't die in New Jersey The old adage “location, location, location” apparently applies even in death. Nearly half of U.S. states impose an estate or inheritance tax regardless of whether the resident's estate also owes federal estate taxes. Two states, New Jersey and Maryland, levy both estate and inheritance taxes. Read more... posted by Charles Monat Associates at 3:56 PM \| 0 comments The 147 Companies That Control Everything Three systems theorists at the Swiss Federal Institute of Technology in Zurich have taken a database listing 37 million companies and investors worldwide and analyzed all 43,060 transnational corporations and share ownerships linking them. They built a model of who owns what and what their revenues are and mapped the whole edifice of economic power. Read more... posted by Charles Monat Associates at 10:28 AM \| 0 comments Thursday, November 03, 2011 Top 9 reasons HNW clients use advisers Some surprising revelations. Read more... posted by Charles Monat Associates at 10:37 AM \| 0 comments Monthly fees won't fly, so banks piling into crowded family office space The combination of assets from Wells Fargo Family Wealth and its Lowry Hill Investment Advisors Inc. will start the new Abbot Downing advisory unit off with about $27.5 billion in client assets and about 575 clients. Abbot Downing, which is the name of the firm that built the signature Wells Fargo stagecoaches, will focus on gaining customers with $50 million or more in investible assets. The family office also aims to provide a full array of financial services, including mergers-and-acquisitions help, insurance and commercial banking. Read more... posted by Charles Monat Associates at 10:34 AM \| 0 comments Adviser's YouTube video attracts $1M client While it'll never compete with Justin Bieber, one financial planner's You Tube post on financial standards of client care has become an unlikely hit. Read more... posted by Charles Monat Associates at 10:33 AM \| 0 comments Wednesday, November 02, 2011 Keynote Speech By Mr Ng Nam Sin, Assistant Managing Director, Monetary Authority of Singapore Keynote Speech By Mr Ng Nam Sin, Assistant Managing Director, Monetary Authority of Singapore, at the Society for Trust and Estate Practitioners (STEP) Asia Conference Go to MAS website... posted by Charles Monat Associates at 11:06 AM \| 0 comments
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